Chapter 3, Financial statements and cash flows ASSETS 2019 Current assets Cash & equivalents Accounts receivable Inventory Prepaid expenses & other current assets Total BLEVINS COPRPORATION (12/31) 2018 and 2019 Balance Sheets ($ in millions) LIABILITIES AND OWNERS' EQUITY 2018 2019 2018 Current liabilities 204 $ 160 Accounts payable $ 232 $ 355 $ 588 Accrued liabilities $ 73 $ 508 $ 617 Notes payable $ 123 $ 45 $ 38 Total $ 428 $ 266 25 98 389 $ $ 1,112 $ 1,403 Fixed assets Net plant & equipment $ 408 $ 454 $ 1,644 $ 1,709 Long-term debt Owners' equity Common stock & paid-ir surplus Retained earnings Total Total liabilities and owners' equity $ $ $ $ 600 $ 1,320 $ 1,920 $ 2,756 $ 640 1,629 2,269 3,112 Total assets $ 2,756 $ 3,112 BLEVINS CORPORATION Yr Ending 12/31/2019 Income Statement ($ in millions) 2019 1.509 Net sales (revenues) Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (34%) Net Income 1. What is Blevins' 2019 operating cash flow? 2. Calculate the firm's 2018 and 2019 net working capital. 3. Calculate the firm's 2019 total debt ratio: 4. Calculate the firm's 2019 quick (or acid test) ratio: 5. Calculate the firm's 2019 operating profit margin